Tag: Ruble

November 11, 2014 BY Mike Fox

Ruble weakens day after decision to allow free float

The ruble resumed its dramatic slide on Tuesday, a day after the Central Bank floated the currency, which has been driven sharply lower by falling oil prices and economic sanctions imposed over Russia's policy in Ukraine. On Tuesday, the ruble lost around 1.1% against the dollar by evening, falling to 46.4 rubles per dollar after…

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September 02, 2014 BY Mike Fox

Russia's currency has now hit all time lows

While the Ruble is breaching government mandated price controls; Russian Central Bank heads are still keen to proceed with plans to remove currency controls which analysts say in the long run with be net positive for the Russian economy

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